Price for Copper Alloy Tube or Pipe Fitting in India - 2023
Contents:
- Price for Copper Alloy Tube or Pipe Fitting in India (FOB) - 2022
- Price for Copper Alloy Tube or Pipe Fitting in India (CIF) - 2022
- Exports of Copper Alloy Tube or Pipe Fitting in India
- Imports of Copper Alloy Tube or Pipe Fitting in India
Price for Copper Alloy Tube or Pipe Fitting in India (FOB) - 2022
In 2022, the average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $13,781 per ton, jumping by 20% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys increased by +51.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 26% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($17,287 per ton), while the average price for exports to Nepal ($8,740 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper Alloy Tube or Pipe Fitting in India (CIF) - 2022
The average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $18,735 per ton in 2022, falling by -2% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys increased by +39.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 42% against the previous year. As a result, import price reached the peak level of $19,118 per ton, and then reduced modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($40,829 per ton), while the price for Hong Kong SAR ($9,566 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper Alloy Tube or Pipe Fitting in India
In 2022, shipments abroad of tube or pipe fittings, couplings, elbows, sleeves of copper alloys decreased by -10.5% to 4.1K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +16.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.6% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 33%.
In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys rose rapidly to $56M in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 66%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
| Export of Copper Alloy Tube or Pipe Fitting in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.0 | 9.0 | 14.8 | 23.0 | 42.2% |
| Canada | 0.8 | 2.7 | 6.8 | 6.2 | 97.9% |
| Germany | 1.7 | 1.5 | 2.3 | 3.6 | 28.4% |
| Saudi Arabia | 1.3 | 1.8 | 2.9 | 3.4 | 37.8% |
| Nepal | 1.4 | 1.1 | 2.8 | 2.1 | 14.5% |
| Tunisia | 1.2 | 1.0 | 2.0 | 1.6 | 10.1% |
| Belgium | 1.7 | 1.7 | 1.6 | 1.6 | -2.0% |
| South Africa | 0.7 | 1.1 | 1.1 | 1.4 | 26.0% |
| Mexico | 0.9 | 1.0 | 1.2 | 1.4 | 15.9% |
| Italy | 0.9 | 0.7 | 1.3 | 1.3 | 13.0% |
| United Arab Emirates | 1.3 | 1.4 | 3.5 | 1.1 | -5.4% |
| Turkey | 0.5 | 0.3 | 0.5 | 0.9 | 21.6% |
| Oman | 1.5 | 1.7 | 1.4 | 0.7 | -22.4% |
| Others | 5.2 | 6.7 | 10.4 | 7.7 | 14.0% |
| Total | 27.1 | 31.6 | 52.4 | 56.1 | 27.4% |
Top Export Markets for Copper Alloy Tube or Pipe Fitting from India in 2022:
- United States (1402.5 tons)
- Canada (437.9 tons)
- Saudi Arabia (307.3 tons)
- Germany (268.6 tons)
- Nepal (245.3 tons)
- Tunisia (147.7 tons)
- Belgium (145.2 tons)
- South Africa (120.4 tons)
- Italy (106.0 tons)
- Turkey (84.5 tons)
- United Arab Emirates (81.3 tons)
- Mexico (80.7 tons)
- Oman (73.4 tons)
Imports of Copper Alloy Tube or Pipe Fitting in India
In 2022, approx. 1.3K tons of tube or pipe fittings, couplings, elbows, sleeves of copper alloys were imported into India; increasing by 9.7% compared with the previous year's figure. The total import volume increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 when imports increased by 25% against the previous year. As a result, imports attained the peak of 1.4K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys rose sharply to $24M in 2022. The total import value increased at an average annual rate of +12.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 24% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Copper Alloy Tube or Pipe Fitting in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.7 | 3.9 | 5.7 | 5.3 | -2.4% |
| Italy | 1.3 | 2.3 | 3.1 | 5.2 | 58.7% |
| Germany | 2.3 | 3.0 | 3.2 | 3.4 | 13.9% |
| Japan | 1.5 | 1.3 | 1.9 | 1.9 | 8.2% |
| South Korea | 1.0 | 1.8 | 1.2 | 1.4 | 11.9% |
| United States | 1.1 | 1.0 | 1.5 | 1.2 | 2.9% |
| Singapore | 0.7 | 0.5 | 0.7 | 0.7 | 0.0% |
| Hong Kong SAR | 0.1 | 0.3 | 0.4 | 0.7 | 91.3% |
| Belgium | 0.2 | 0.1 | 0.3 | 0.6 | 44.2% |
| France | 1.2 | 1.8 | 1.4 | 0.5 | -25.3% |
| Thailand | 0.1 | 0.5 | 0.7 | 0.5 | 71.0% |
| United Kingdom | 0.5 | 0.5 | 0.8 | 0.3 | -15.7% |
| Others | 1.4 | 1.2 | 1.8 | 2.6 | 22.9% |
| Total | 17.0 | 18.2 | 22.7 | 24.4 | 12.8% |
Top Suppliers of Copper Alloy Tube or Pipe Fitting to India in 2022:
- China (445.2 tons)
- Italy (195.7 tons)
- Germany (115.5 tons)
- United States (86.8 tons)
- Hong Kong SAR (75.9 tons)
- Japan (73.0 tons)
- South Korea (45.8 tons)
- Thailand (44.9 tons)
- Singapore (44.2 tons)
- Belgium (29.7 tons)
- United Kingdom (24.1 tons)
- France (11.0 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in India.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
